After the latest Ethereum (ETH) pullback, some analysts have pointed to a bearish pattern that suggests the leading altcoin could drop further toward its potential market bottom.
On Tuesday, Ethereum fell 5.5% from its daily opening, dropping below the $1,900 mark for the first time since late February. The altcoin broke out of its five-day range between $1,965 and $2,035, hitting a two-month low of $1,880.
As the broader market pulled back—sending Bitcoin (BTC) toward the $67,000 support level—market observer Trader Tardigrade said ETH’s final correction might be near, noting that a key bearish pattern is “repeating perfectly.” The trader pointed to a breakdown from a bear flag formation on the three-day chart. This pattern had been forming since the February market crash, with the cryptocurrency breaking below its lower boundary around mid-May when the price lost the $2,200 area.
According to the chart, this is the second time this pattern has appeared since the highs of Q3 2025. The first setup formed between late 2025 and early 2026, leading to a 40% crash in Q1 2026. More importantly, Ethereum seems to be following the same path as its correction from the Q4 2024–Q1 2025 rally. After peaking in late 2024, the cryptocurrency formed two consecutive bear flags, followed by another drop, before hitting its local bottom and eventually starting a new bullish rally.
Now, “the structure is identical. Same breakdown. Same setup,” which suggests that “the final dip” toward the market bottom may be coming soon. “Once this dip completes, we’re headed straight into the next explosive leg up,” the trader said.
Where Is ETH Headed?
Analyst Rekt Capital noted that Ethereum closed the month below its multi-year uptrend for the second time in five months. The last time this happened, the altcoin saw a “limited move to the upside” but was quickly rejected at the key $2,400 horizontal level. This suggests that rallies from this trendline “are clearly weakening,” and the multi-year uptrend is “likely faltering.”
According to the analysis, ETH must hold the 2026 lows around $1,750 or reclaim the uptrend to avoid a deeper correction. Similarly, Ali Martinez highlighted this level as crucial support given the recent price action. He explained that Ethereum is approaching the bottom of its four-month horizontal channel, near $1,825. In his view, “that area could offer a favorable risk-reward entry targeting $2,073 and $2,360, as long as price remains above $1,750 on a daily closing basis.”
However, he previously warned that since the price was rejected from the mid-zone of a multi-year channel and the 200-week Simple Moving Average (SMA), the altcoin risks a deeper correction. So, if ETH sees a weekly close below $1,850, “downside acceleration becomes highly likely,” with the channel structure pointing to two major downside targets from a technical perspective. Martinez concluded that the first retracement would see Ethereum retest the interim structural support around $1,560, while a deeper correction could push the price near the lower boundary of the multi-year range, at $1,070.
Featured Image from Unsplash.com, Chart from TradingView.com
Frequently Asked Questions
Here is a list of FAQs about the possibility of Ethereum seeing its final dip to the 1900 level written in a natural tone with clear simple answers
BeginnerLevel Questions
1 What does Ethereums final dip mean
Its a prediction that Ethereums price is about to hit a low point before potentially bouncing back and starting a longterm recovery Final suggests this could be the last major drop before a trend change
2 Why is everyone talking about the 1900 level
1900 is a key support levela price where many traders expect buyers to step in If Ethereum drops to 1900 and holds it could signal a bottom If it breaks below analysts expect even lower prices
3 Should I buy Ethereum right now if its about to dip
Not necessarily Final dip is just a prediction not a guarantee Its risky to try to catch a falling knife Many experts recommend waiting for the price to stabilize or show clear signs of recovery before buying
4 How low could Ethereum go if 1900 doesnt hold
If 1900 breaks the next major support is around 15001600 Some analysts even warn of a drop to 1200 if market conditions worsen
5 Is this dip a good time to start investing in Ethereum
It can be but only if youre prepared for more volatility Dollarcost averaging is safer than betting on a single final dip Never invest money you cant afford to lose
IntermediateLevel Questions
6 What factors are causing analysts to predict this final dip
Key reasons include Ethereum failing to break above 2200 resistance low trading volume and weak buyer interest broader crypto market uncertainty and technical indicators like the RSI showing bearish momentum
7 How does Ethereums final dip relate to Bitcoins price movements
Ethereum often follows Bitcoins lead If Bitcoin drops to new lows Ethereum usually falls harder So a